$ETH Ethereum Pullback Triggers PEPE Coin Price Crash 📊

The latest PEPE coin price crash happened as Ethereum dropped sharply. ETH has declined from $4,000 to around $1,600 over the past few months. It had pulled down many ERC-20 tokens like Shiba Inu, Jasmy, and Floki. Since PEPE runs on Ethereum, it’s directly affected by the Ethereum market trends.

Wider market fears also fueled the drop. Donald Trump’s Liberation Day speech spooked investors when he announced new tariffs on all imports. China and Vietnam could face tariffs of over 50%, raising fears of a U.S. recession. The CNN Money Fear and Greed Index dropped to 4, showing extreme fear. This caused many traders to exit risky positions, which hit meme coins hard and pushed down the PEPE coin price even more.

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